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Bank - Private

Private banks are banks owned by either an individual or a general partner with limited partner. Private banks are not incorporated. In any such case, the creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets. Private banks can also refer to non-government owned banks in general, in contrast to government-owned banks, which were prevalent in communist, socialist and some social democratic states